Today's Rates As of October 17, 2019
SAVINGS RATES AND TERMS
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield | Balance Required to Obtain APY |
|---|---|---|---|---|
| Statement Savings | $100 | 0.20% | 0.20% | $100 |
| Holiday Club | $1 | Bonus Payment on Completed Clubs | N/A | N/A |
| Vacation Club | $1 | Bonus Payment on Completed Clubs | N/A | N/A |
| Money Market | $100 |
0.10%
0.20%
|
0.10%
0.20%
|
$100 thru $2,499.99
$2,500 plus
|
| Premier Money Market | $2,500 |
0.49%
0.98%
|
0.50%
1.00%
|
$10,000 thru $24,999.99
$25,000 thru $49,999.99
|
| 1.23% | 1.25% | $50,000 plus | ||
Variable Rate Accounts. Rate may change after account is opened. |
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Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
CERTIFICATES OF DEPOSIT RATES AND TERMS
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield | |
|---|---|---|---|---|
| 6 Month | $1,000 | 0.74% | 0.75% | |
| 12 Month | $1,000 | 1.61% | 1.65% | |
| 18 Month | $1,000 | 1.71% | 1.75% | |
| 24 Month | $1,000 | 1.71% | 1.75% | |
| 30 Month | $1,000 | 1.71% | 1.75% | |
| 36 Month | $1,000 | 1.71% | 1.75% | |
| 48 Month | $1,000 | 1.80% | 1.85% | |
| 60 Month (maximum $250,000) (1,2) | $1,000 | 1.95% | 2.00% | |
| 84 Month (2) | $1,000 | 2.19% | 2.25% |
Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.
1. Maximum deposit of $250,000 for each Tax ID.
2. Annual Percentage Yield (APY) effective as of 9/17/19. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available.
See a customer service representative for more details.
IRA CERTIFICATES OF DEPOST RATES AND TERMS
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield |
|---|---|---|---|
| 12 Month | $1,000 | 1.61% | 1.65% |
| 18 Month | $1,000 | 1.71% | 1.75% |
| 24 Month | $1,000 | 1.71% | 1.75% |
| 30 Month | $1,000 | 1.71% | 1.75% |
| 36 Month | $1,000 | 1.71% | 1.75% |
| 48 Month | $1,000 | 1.80% | 1.85% |
| 60 Month (maximum $250,000) (1,2,3) | $1,000 | 1.95% | 2.00% |
| 84 Month (2,3) | $1,000 | 2.19% | 2.25% |
Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.
1. Maximum deposit of $250,000 for each Tax ID.
2. Minimum deposit of $1,000 to open. For IRA Bump-Up Certificate of Deposit (CD) Accounts, during your term you are permitted to make a one-time request to increase your interest rate at your discretion. Your request to adjust your interest rate is limited to the rate in effect for your IRA Bump-Up CD at the time of your request. A one-time interest rate increase will not extend the original maturity date of your account.
3. Annual Percentage Yield (APY) effective as of 9/17/19. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available. See a customer service representative for more details.
CHECKING RATES AND TERMS
| Type of Account | Minimum Opening Balance | Interest Rate | Annual Percentage Yield | Balance Required to Obtain APY |
|---|---|---|---|---|
| Premier Interest Checking | $100 |
0.10%
0.25%
|
0.10%
0.25%
|
$100 thru $2,499.99
$2,500 plus
|
| Regular Checking | $1.00 | |||
| NJ Consumer Checking Account | $50 | |||
Variable Rate Account. Rate may change after account is opened. |
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Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
Mortgage products are available for properties located in select counties of New Jersey only. Visit our Mortgage Center for more information about our mortgage products.
MORTGAGE RATES AND TERMS
| Type of Loan (3) | Rate | APR | Points | Monthly Payment Per $1,000 Borrowed (3) |
|---|---|---|---|---|
| Loans $750,000 or Less LTV <90% | ||||
| 30 Year Fixed Rate | 3.625% | 3.660 (1) | 0.000% |
360 payments of $4.57 per $1,000
borrowed at an interest rate of 3.625%
|
| 20 Year Fixed Rate | 3.500% | 3.569% (1) | 0.000% |
360 payments of $5.80 per $1,000
borrowed at an interest rate of 3.500%
|
| 15 Year Fixed Rate | 3.250% | 3.312% (1) | 0.000% |
180 payments of $7.03 per $1,000
borrowed at an interest rate of 3.250%
|
| 10 Year Fixed Rate | 3.000% | 3.089% (1) | 0.000% |
120 payments of $9.66 per $1,000
borrowed at an interest rate of 3.000%
|
| 5/1 30 Year Adjustable Rate (4) | 3.250% | 4.082% (1) | 0.000% |
See below (4)
|
| 7/1 30 Year Adjustable Rate (4) | 3.375% | 4.000% (1) | 0.000% |
See below (4)
|
| 10/1 30 Year Adjustable Rate (4) | 3.500% | 3.916% (1) | 0.000% |
See Below (4)
|
| Loans $750,001 to $1,000,000 LTV 80% | ||||
| 30 Year Fixed Rate | 4.875% | 4.888% (2) | 0.000% |
360 payments of $5.30 per $1,000
borrowed at an interest rate of 4.875%
|
| 15 Year Fixed Rate | 4.125% | 4.147% (2) | 0.000% |
180 payments of $7.46 per $1,000
borrowed at an interest rate of 4.125%
|
| 10 Year Fixed Rate | 3.875% | 3.906% (2) | 0.000% |
120 payments of $10.07 per $1,000
borrowed at an interest rate of 3.875%
|
| First Time Home Buyer - $449,500 or Less (Maximum LTV <90%) (5) | ||||
| 30 Year Fixed Rate | 3.375% | 3.409% (1) | 0.000% |
360 payments of $4.43 per $1,000
borrowed at an interest rate of 3.375%
|
1 The APR (Annual Percentage Rate) is based on a mortgage amount of $250,000.
2 The APR (Annual Percentage Rate) is based on a mortgage amount of $800,000.
3 For All Loans:
-
APR=Annual Percentage Rate
-
LTV=Loan-to-Value
-
Monthly payment amounts stated above consist of principal & interest amounts only and do not include property taxes, hazard insurance, and/or flood insurance premiums (if applicable). Your actual payment obligation will be greater.
-
To see what your monthly principal and interest payment would be, divide your mortgage amount by $1,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a 30 Year Fixed Rate mortgage amount of $250,000 would be: $250,000 ÷ $1,000 = 250; 250 x $4.92 = $1,230.00 principal and interest payment per month.)
- Available to individuals residing in the New Jersey Counties of Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union and Warren.
4 For Adjustable Rate Loans:
-
The interest rate and APR may be increased after consummation.
-
On a 5/1 30 Year Adjustable Rate, the interest rate will not change for the first 60 months of the loan. After the first 60 months, the interest rate can change yearly.
-
60 payments of $4.35 per $1,000 borrowed at an interest rate of 3.250%
- 300 payments of $4.96 per $1,000 borrowed at an interest rate of 4.500%
-
On a 7/1 30 Year Adjustable Rate, the interest rate will not change for the first 84 months of the loan. After the first 84 months, the interest rate can change yearly.
- 84 payments of $4.42 per $1,000 borrowed at an interest rate of 3.375%
- 276 payments of $4.94 per $1,000 borrowed at an interest rate of 4.500%
-
On a 10/1 30 Year Adjustable Rate, the interest rate will not change for the first 120 months of the loan. After the first 120 months, the interest rate can change yearly.
- 120 payments of $4.49 per $1,000 borrowed at an interest rate of 3.500%
- 240 payments of $4.90 per $1,000 borrowed at an interest rate of 4.500%
-
The interest rate cannot increase or decrease more than 2 percentage points per year.
-
The initial interest rate cannot increase or decrease more than 6 percentage points over the term of the loan.
-
The interest rate cannot be less than 3 percent over the term of the loan.
5 First time Home Buyer Program:
The program is limited to the purchase of properties located in Roselle Bank’s designated Community Reinvestment Act (CRA) Assessment Areas which include certain local communities in Union, Somerset, Morris and Hunterdon Counties. A list of the qualifying communities is available upon request.
ROSELLE SAVINGS BANK - FEE SCHEDULE
NJ Consumer Checking Account
Roselle Savings Bank has a NJ Consumer Checking Account. There is a $3.00 monthly service charge regardless of balance.
Money Market Account
The monthly service fee if the daily balance drops below $1,000 any day during the monthly statement cycle is $5.00. There is no monthly service charge regardless of balance for depositors 55 years of age or older.
Statement Savings Account
There is no monthly service charge.
Other Account Fees
| Fee | ||||
|---|---|---|---|---|
| Account Close Within 6 Months of Opening | $10.00 | |||
| Account Certification Letter | $15.00 | |||
| Account Research/Reconciliation (Per Hour/ One Hour Minimum) | $25.00 | |||
| Automatic Transfer to cover overdraft | $3.00 | |||
| Bank Check | $7.00 | |||
| Copy of Paid Check or Money Order | $5.00 | |||
| Copy of Statement (Per Page) | $5.00 | |||
| Dormant Account (Per Month, after 3 years of inactivity) | $5.00 | |||
| Expedited Debit Card Delivery | $75.00 | |||
| Inactivity Fee (Per Month, after 12 months of inactivity) | $5.00 | |||
| Insufficient/ Uncollected Funds | $30.00 | |||
| Levy and Lien Processing | $75.00 | |||
| Lost Passbook Replacement | $5.00 | |||
| Money Orders (Per Order) | $3.00 | |||
| Notary Services | No Fee | |||
| Redeposit Return Item (Per Item) | $5.00 | |||
| Replacement Debit Card | $5.00 | |||
| Returned Item | $12.00 | |||
| Safe Deposit Box Key Replacement (Per Key) | $25.00 | |||
| Snapshot Statement | $3.00 | |||
| Stop Payment | $20.00 | |||
| Wire Transfer - Domestic, Outgoing | $20.00 | |||
| Wire Transfer - Domestic, Incoming | $15.00 | |||
| Checking Printing Fees Vary By Style of Checks Ordered | ||||
| Safe Deposit Box Drilling | At Box Renter's Expense | |||
Online Services
Person-to-Person (Popmoney) Fees
| Fee | |
|---|---|
| Send Money $1.00 - $999.99 - 3 Day | $1.00 |
| Send Money $1,000.00 & above - 3 Day | $2.00 |
| Send Money $1.00 - $999.99 - Next Day | $1.50 |
| Send Money $1,000.00 & above - Next Day | $3.00 |
| Request Money $1.00 - $999.99 - 3 Day | $1.00 |
| Request Money $1,000.00 & above - 3 Day | $2.00 |
| Popmoney Stop Payments | $10.00 |
| Popmoney E-Greetings | $0.25 |
